Aviva PLC Boosts Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Aviva PLC increased its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 126.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,016 shares of the scientific and technical instruments company’s stock after acquiring an additional 15,671 shares during the period. Aviva PLC’s holdings in Teledyne Technologies were worth $13,003,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TDY. Benjamin Edwards Inc. boosted its holdings in shares of Teledyne Technologies by 1,030.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,085 shares of the scientific and technical instruments company’s stock worth $475,000 after purchasing an additional 989 shares in the last quarter. Hilltop Holdings Inc. purchased a new stake in Teledyne Technologies in the third quarter worth approximately $203,000. Quantinno Capital Management LP grew its position in Teledyne Technologies by 73.5% during the third quarter. Quantinno Capital Management LP now owns 2,078 shares of the scientific and technical instruments company’s stock valued at $910,000 after acquiring an additional 880 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Teledyne Technologies by 8.6% during the third quarter. Wellington Management Group LLP now owns 7,301 shares of the scientific and technical instruments company’s stock worth $3,195,000 after acquiring an additional 576 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Teledyne Technologies by 31.7% in the 3rd quarter. Jane Street Group LLC now owns 16,400 shares of the scientific and technical instruments company’s stock worth $7,178,000 after acquiring an additional 3,944 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock opened at $437.79 on Tuesday. The business has a 50 day moving average of $497.80 and a 200 day moving average of $477.07. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $522.50. The company has a market cap of $20.51 billion, a PE ratio of 25.41, a P/E/G ratio of 3.14 and a beta of 1.03. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.23 by $0.29. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $5.44 EPS. As a group, equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on TDY shares. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, April 2nd. UBS Group initiated coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $585.00 target price on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Finally, Bank of America increased their target price on Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a report on Monday, March 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $548.00.

Insiders Place Their Bets

In related news, COO George C. Bobb III sold 6,308 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $507.77, for a total value of $3,203,013.16. Following the sale, the chief operating officer now directly owns 10,482 shares of the company’s stock, valued at $5,322,445.14. This represents a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Melanie Susan Cibik sold 706 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following the transaction, the executive vice president now directly owns 26,529 shares of the company’s stock, valued at $13,794,018.84. This represents a 2.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,571 shares of company stock worth $17,709,721 over the last three months. Company insiders own 1.50% of the company’s stock.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.